SEYCHELLE ENVIRONMENTAL TECHNOLOGIES INC /CA

Transcription

1 SEYCHELLE ENVIRONMENTAL TECHNOLOGIES INC /CA FORM 8-K (Current report filing) Filed 10/16/17 for the Period Ending 10/16/17 Address 22 JOURNEY ALISO VIEJO, CA, Telephone CIK Symbol SYEV SIC Code General Industrial Machinery And Equipment Industry Environmental Services & Equipment Sector Industrials Fiscal Year 02/28 Copyright 2018, EDGAR Online, a division of Donnelley Financial Solutions. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, a division of Donnelley Financial Solutions, Terms of Use.

2 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Act of 1934 Date of Report (Date of earliest event reported) October 16, 2017 SEYCHELLE ENVIRONMENTAL TECHNOLOGIES, INC. (Exact name of Registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation or organization) (Commission File Number) 22 Journey Aliso Viejo, California (Address of principal executive offices and Zip Code) (949) (Registrant's telephone number including area code) (I.R.S. Employer Identification No.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR ) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR ) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

3 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Act of 1934 References in this document to "us," "we," or "Company" refer to Seychelle Environmental Technologies, Inc., a Nevada corporation and our two wholly-owned subsidiaries, Seychelle Water Technologies, Inc. and Fill 2 Pure International, Inc., both also Nevada corporations. Item 7.01 Regulation FD Disclosure On October 16, 2017, we announced information concerning our operations for the second fiscal quarter ended August 31, In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 (including Exhibit 99.1) is furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("the Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or in the Exchange Act except as may be expressly set forth by specific reference in such a filing. Item 9.01 Financial Statements and Exhibits. (c) Exhibits. Exhibit Number Description 99.1 News release dated October 16, 2017 announcing information concerning our operations for the second fiscal quarter ended August 31,

4 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SEYCHELLE ENVIRONMENTAL TECHNOLOGIES, INC. Date: October 16, By: /s/ Carl Palmer Carl Palmer President - 3 -

5 Exhibit 99.1 For Immediate Release Media Contact Carl Palmer (949) Seychelle Reports Increased Revenues andprofitability for the Fiscal Quarter and Six Months ended August 31,2017 ALISO VIEJO, CA -- (BUSINESS WIRE) October 16, Seychelle Water Filtration Products, a DBA of Seychelle Environmental Technologies, Inc. (Seychelle, we, us, our or the Company) (OTCQB: SYEV), a worldwide leader in the development, assembly and sale of proprietary portable water filtration bottles made several announcements today. For the Fiscal Quarter ended August 31, 2017, Revenue was $991,934, compared to $728,232 in the prior year's fiscal quarter. Seychelle had Net income of $85,402 for the fiscal quarter ended August 31, 2017, or $.00 per share, compared to prior year's fiscal quarter Net loss of $148,466, or ($.01) per share. Seychelle had a cash position of $1,292,183 at August 31, 2017, compared to a cash position of $732,112 at February 28, 2017 For the Six Months ended August 31, 2017, Revenue was $2,200,141, compared to $1,627,368 in the prior year's six month period. Seychelle had Net income of $245,384 for the six month ended August 31, 2017, or $.01 per share, compared to prior year's six months' Net loss of $592,811, or ($.02) per share. Seychelle is managing its costs in line with current revenue. For Third Fiscal Quarter, we believe that we will see further increases in sales over our most recent Fiscal Quarter and a potential for increased net income. This year, Seychelle products have expanded its sales efforts in the following international markets; Mexico, Sri Lanka, Vietnam, South Korea, Australia, New Zealand, Japan and China. It is our intention to expand our marketing activities more strongly to the international market and E-commerce. We recently completed testing in Sri Lanka and Vietnam. We also completed tests with the government of South Korea. All tests showed basically non detectable levels on all inorganics/organics bacteriological contaminants. We have developed four new products for the disaster preparedness market. Our new products are inline flat three phase filter, inline filter that now includes five different phases of contaminant reduction including hallow fiber technology for final reduction of microbiological contaminants, two new products for our new Amazon marketing activities which include a pitcher that has a fast flow capability and a new ph bottle that eliminates all sources of contaminants. Note to Investors "Dedicated to improving the quality of life through the quality of our drinking water." This press release may contain certain forward-looking information about the Seychelle's business prospects/projections. These are based upon good-faith current expectations of Seychelle's management. Seychelle makes no representation or warranty as to the attainability of such assumptions/projections. Investors are expected to conduct their own investigation with regard to Seychelle. Seychelle assumes no obligation to update the information in this press release. For more information, please visit or call (949)